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Corporations/ Associations/ Others | Uttar Pradesh - India | PID: 181754
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The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids for 550 MW of grid connected solar PV power projects through tariff based competitive bidding process
The last date for bid submission is November 14, 2018
A UPNEDA official confirmed the issue of the solar tender to Mercom, adding, “In this 550 MW tender, 500 MW will be bought by Uttar Pradesh Power Corporation Ltd. (UPPCL) and 50 MW will be bought by Noida Power Company Ltd. (NPCL)
We have also put a ceiling tariff of 3.10/kWh(~$0.042/kWh),” added the official
Mercom previously reported that the Uttar Pradesh Electricity Regulatory Commission (UPERC) approved a request for the procurement (RfP) and a PPA for 500 MW of grid-connected solar projects put forth by the UPNEDA
UPNEDA had sought approval of ceiling tariff of 3.25 (~$0.044)/kWh for the tender along with the revised RfP and PPA. Upper tariff ceiling was set to be 3.25 (~$0.044)/kWh if safeguard duty is included, and if not included, the tariff ceiling will be 3.10 (~$0.0424)/kWh
The minimum capacity for each solar power project will be 5 MW. Any bidder can apply for a minimum of 5 MW and a maximum of 550 MW. The power purchase agreement (PPA) will be signed for a period of 25 years with a single fixed tariff
In case of projects being set up in Bundelkhand and Purvanchal region of the state, government will provide the subsidy per kilometer based on the lengths of the transmission as per the Solar Energy Policy of Uttar Pradesh 2017
Recently, Mercom reported that the Lowest (L1) tariff of 3.17 (~$0.043) was quoted in the recent solar auction held by the UPNEDA for 500 MW of grid-connected solar projects
| Updated on: 19 - Oct - 2018
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